Agenda Item No.



Washburn University Board of Regents







SUBJECT: Public Fund Investments April/May, 2001







DESCRIPTION: The Treasurer reports the following public fund investments:









Amount Investment Period Date of Investment Successful Bidder Rate



$500,000 151 days 4-30-01 Fidelity State 4.51%
$1,000,000 224 days 5-11-01 Kaw Valley 5.10%

Bids for investment of the University's public funds are solicited from area financial institutions in accordance with University policy and in conformance with State law regarding public fund investment (K.S.A. 9-1401 et. seq.)





FINANCIAL IMPLICATIONS:



This investment will generate the following interest income at maturity:

General $ 9,329
Smoothing $31,300
Total $40,629




RECOMMENDATION:



President Farley recommends approval by the Board of Regents of the Public Fund Investments reported in the description above.







________________________ _______________________________________

(date) Jerry B. Farley, President






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